The cap rate on the properties is above 7%, says Ken Szady,executive director of Cushman & Wakefield's capital marketsgroup. Szady is handling the portfolio, along with Jim Carpenter,senior director.
The River Grove properties are at 8999 W. Palmer St., a550,000-sf building, and at 1810 5th Ave, a 100,000-sf building.Both are occupied by single tenants, which deal in low-price,high-volume merchandise and sell to stores like Wal-Mart and theDollar Store. The Palmer Street property has been occupied by itscurrent tenant for more than a decade, Szady says.
The Mount Pleasant property is a 550,000-sf facility at 7100Durand Ave. The largest of two tenants occupying this industrialfacility is Liquid Container.
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